Domestic market to spearhead hiring in 2010
By
siliconindia | Wednesday, 06 January 2010, 15:13 IST

Bangalore: With domestic companies getting their act together to cash in on the "recovering market" opportunities, there is already a significant amount of buoyancy witnessed in hiring. There was a 50 percent increase in recruitment billing revenues during the October-December quarter, reports Economic Times.
Bhanushree R, Director in TMG Talent Management Group told Economic Times, "January has already shown a 20 percent increase on this. It is clearly an indication of the kind of job numbers that are going to come during the first calendar quarter itself and beyond. Desi companies are also busy inducting talent to strengthen their management." Some other recruiters too report an over 50 percent upturn in hiring during the last one month.
Staffing firm TeamLease reports a quantum increase in the number of active positions at around 4,000 currently, as against just 800 positions around June last year. It had over 10,000 active job positions prior to the Lehman collapse in 2008. Ashok Reddy, Managing Director, Team-Lease Staffing Solutions says that, unlike in the past, the current hiring is not driven by outsourcing or global markets. "It's the domestic market that is responsible for the current spurt in hiring. It is going to be a sustained, well-rounded growth. Recruitment volumes will pick up across verticals like telecom, manufacturing, FMCG, retail, BFSI, IT and government."
Traditionally, about 85 percent of hiring by IT companies is to meet outsourcing demand, but now, domestic demand is playing a significant role. A lot of senior sales and customer-facing positions are getting filled. IT infrastructure, storage and security are the hot domains in the technology space.